MEDIA ORGANISATIONS TO ENJOY FINANCING AT SINGLE-DIGIT INTEREST RATES- FG. (PHOTO). #PRESS RELEASE

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 Media Organisations to Enjoy Financing at Single-Digit Interest Rates - FG  President Bola Ahmed Tinubu has directed the Federal Ministry of Industry, Trade and Investment, through the Bank of Industry (BOI), to extend its single-digit interest-rate financing to media organizations in the country. The Minister of Information and National Orientation, Mohammed Idris stated this in Abuja on Wednesday when he received members of the Independent Broadcasting Association of Nigeria (IBAN) on a courtesy visit to his office.   According to the Minister, the gesture is in keeping with the administration’s resolve to create an enabling business environment for the media to operate in Nigeria. “Let me say that the Federal Ministry of Information and National Orientation under my leadership, as part of our five pillars, will support all media platforms in this country, whether they are public or private. “I can tell you that the President has directed the Federal Ministry of Industry, Trade and
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EFCC TO ARRAIGN EMEFIELE IN LAGOS COURT MONDAY. (PHOTO).

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 EFCC to arraign Emefiele in Lagos court Monday


The Economic and Financial Crimes Commission (EFCC) will on Monday arraign the embattled former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, before Justice Rahman Oshodi of the Special Offences Court, for alleged abuse of office.

Emefiele will be arraigned alongside one Henry Omoile before Oshodi on a 26-count bordering on abuse of office, accepting gratification, accepting gifts through agents, corruption, and fraudulent property receipt.

The former CBN governor was also alleged of conferring corrupt advantage on his associates contrary to the Corrupt Practices Act of 2000.

The charge sheet, marked ID/23787c/2024, was dated April 3 and was filed by Mr Rotimi Oyedepo (SAN).

One of the counts stated that Emefiele allegedly committed abuse of office between 2022 and 2023, in Lagos, an offence punishable under Section 73 of the Criminal Law of Lagos State, 2011.

Another count alleged that Emefiele directed to be done in abuse of the authority of his office, as the Governor, Central Bank of Nigeria, an arbitrary act, to wit: allocating foreign exchange in the aggregate sum of $2.2 billion without bids.

Also, it was alleged that Emefiele abused the authority of his office by allocating foreign exchange in the aggregate sum of $291 million without bids, which act was prejudicial to the rights of Nigerians.

Emefiele’s co-defendant was alleged to have acted as an agent and accepted from Raja Punjab through Monday Osazuwa, the total sum of $110,000, for the ex-CBN as a reward for allocating foreign exchange by the Central Bank in favour of Raja Punjab’s employer.

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